Territorial Bancorp Inc. (NASDAQ:TBNK) Short Interest Update

Territorial Bancorp Inc. (NASDAQ:TBNK) has experienced a significant rise in short interest throughout February. As of February 28th, the total short interest reached 11,800 shares, marking an impressive 47.5% increase from the 8,000 shares reported on February 13th. This represents approximately 0.2% of the total shares of the company that have been sold short. Given an average daily trading volume of 14,400 shares, the current short-interest ratio stands at 0.8 days.

Institutional Trading of Territorial Bancorp

Recently, various hedge funds have adjusted their positions regarding Territorial Bancorp. For instance, CKW Financial Group acquired a new stake in the company worth about $35,000 during the fourth quarter. Similarly, Arrowstreet Capital Limited Partnership purchased shares valued at approximately $99,000 during the same period. Additionally, Atria Investments Inc. increased its holdings in Territorial Bancorp by 12.7% in the third quarter, now owning 12,204 shares valued at $127,000 after acquiring an extra 1,380 shares in the last quarter. Northern Trust Corp also boosted its investment by 55.8% during the fourth quarter, now holding 34,836 shares worth $339,000 after buying an additional 12,476 shares. Lastly, Four Tree Island Advisory LLC bought a new position in Territorial Bancorp valued at $364,000. Currently, institutional investors and hedge funds hold about 50.35% of the company’s stock.

Territorial Bancorp Trading Up 1.3%

During midday trading on a recent Friday, shares of TBNK rose by $0.11 to reach $8.36. The trading volume stood at 4,350 shares, which is lower than the average of 12,523 shares. The company’s quick ratio and current ratio are both at 0.84, while the debt-to-equity ratio is 0.71. The stock has a 50-day simple moving average of $8.75 and a 200-day simple moving average of $9.78. Over the past year, Territorial Bancorp has witnessed a low of $6.92 and a high of $11.44, with a market capitalization of $73.84 million and a price-to-earnings (PE) ratio of -16.72, alongside a beta of 0.59.

Territorial Bancorp recently announced its quarterly earnings results on January 31st, revealing an earnings per share of ($0.20), which fell short of analysts' consensus estimates of ($0.02) by $0.18. The company reported a negative return on equity of 1.72% and a negative net margin of 5.74%.

Territorial Bancorp Cuts Dividend

On February 28th, the firm also declared a quarterly dividend which was paid that day. Investors who were on record as of February 14th received a dividend of $0.01 per share, translating to an annualized dividend of $0.04, which represents a yield of 0.48%. The ex-dividend date for this distribution was also February 14th. Territorial Bancorp’s current payout ratio is -8.00%.

Analyst Upgrades and Downgrades

In a separate note, StockNews.com initiated coverage on Territorial Bancorp, providing a rating of "hold" for the stock.

Territorial Bancorp Company Profile

Territorial Bancorp Inc operates as the holding company for Territorial Savings Bank, offering a broad array of financial services tailored to individuals, families, and businesses in Hawaii. The company provides various deposit accounts, including savings, checking, money market accounts, and certificates of deposit.

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